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celebrates the fiscal cliff looms closer. and so does the dairy cliff? why we could soon see $7 a gallon prices for milk. ,,,,,,,, [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> and good morning everyone, of course it is christmas. december 25th. merry christmas everyone. i'm frank mallicoat. >> that's right and i'm elizabeth wenger, michelle has the morning off. >> and we begin somewhere some breaking news in the south bay. firefighters are at the scene of a three alarm fire in campbell. this is at the engineering building intersection of bell and division. no word on what may have started the fire. we will have the very latest information as soon as we get it but some live pictures there you can see a number of firefighters on the scene. and as we mentioned more coming up a little bit later. >>> okay. and we're going to i think start off with
probably leads to even worse decisions in the futu and bay area leaders sound f on the fiscal cliff stalema. join us for cbs 5 eyewitness news this morning... beginn, >>> here's a look at today's forecast in some cities across the country. waernds, pbs, -- washington, d.c., partly sunny, 48. atlanta, rain, 60s. st. louis, mostly cloudy, 38. denver, morning snow, 25. seattle, rain, 40. >>> shoppers hitting the stores after christmas could find some amazing bargains. experts say post-christmas sales will likely have steeper discounts than in the past. the uncertain economy led holiday shoppers to spend less than usual. so some stores could cut prices by as much as 80%. >>> in celebrations across spain this christmas after a jackpot-busting $3.3 billion lottery. as barry peterson reports, unlike lotteries in the united states, spain spreads the wealth. >> reporter: they won it in the lottery called el gordo. translation, "the fat one." numbers tumbled in machines that look a lot like some sort of imaginary rocket ship. [ cheers ] >> reporter: there was plenty of imagining by people in the audi
. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. instead of this being some big bill to try to deal with the long-term fiscal health of the country which is what the fiscal cliff was supposed to be an incentive to do, we're expecting now that this is just some measure to avert the fiscal cliff which is the tax hikes, the spending cuts, each if they deal with the spending cuts and we're waiting to see what the measure will look like. i know what a hard-hitting white house reporter you are. i want to know whether it's apple kay, pumpkin pie or peekan pie for the president and first family on christmas day. any news on the menu? >> reporter: no, i am still waiting to find out. maybe we'll find out a little later today. you don't frequently find out until they have just release
going to put us in recession, regardless of the fiscal cliff. >> glover for questions made the comments yesterday on cnn if a -- grover norquist made the comments yesterday on cnn. >>> new this morning, 7-eleven trying to get healthier. the chain is in the process of introducing more nutritious items. that includes yogurt parfaits and lean turkey sandwiches. 7-eleven wants 20% sales to come from fresh foods byb7ñ the end of 2015. also retooling old favorites. jelly doughnuts sold in miniature versions. >>> that ipad under your tree may already be out-of-date. a japanese tech blog reports a new version of the popular tablet will hit stores in march, the blog says the new ipad will be thinner and lighter than the last, possibly as thin as the ipad mini. >> here's bloomberg reporter deborah costra. >>> good morning. merry christmas if you want to keep holidays merry and avoid unexpected medical bills remove all medications from cabinets into a secure area to protect loved ones who might be visiting, they can be taken by mistake or worse. more than half of the people addicted to prescripti
going to go to lawrence first? we're just going to jump it. >> we've got grinches. >> fiscal cliff is not far om
the new year, but will they get a deal together in time to avoid the fiscal cliff? as the leaders on capitol hill try to agree, locals say they are prepared to lose billions. >> locals are brace -- brace for the possibility of cuts. here is the story. >> this morning a smiling san pan mayor ed lee was one of the first officials to show up at the annual toy drive. but it doesn't look like american cities or counties will get a lot of cheer out of washington with the pending fiscal cliff and the threat of $7.5 billion in cuts. >> most of the cuts would be in health care, welfare programs for the poor, housing. >> across the bay alameda could bety supervisor predicted. >> our wic program which is a program for mothers to get nutrition for their newborn babies, that would experience a large cut. >> education would also take a hit. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts as much as 10 10%. also, the meals program. >> it is not just the immediate cuts that worries the local officials. it is
to the fiscal cliff. from "thew bid frittle bit washington times." this is ron from louisiana. caller: good morning. host: who wish to nominate? -- who would you'll nominate? caller: obama. host: what makes him your hero? caller: we were on a major slide when he came into office. he save the automobile and got osama bin laden. he did everything even though the gop did nothing but filibuster. every proposal he has made. the economy is still growing even though everything that has been put against him. host: are there other heroes you look to beside the president? caller: this year i believe he should be the star for what he has gone up against. he was trying to do a reasonable -- get a compromise and the gop was saying their way or nothing . it is costing the nation. host: thank you very much. this comes from twitter. host: i next call is on the independent line. good morning. caller: the bartender that took the videotape of mr. romney talking about the 47%. he showed an insight into the candidate. host: why is he a hero? caller: he had the courage to share with others. host: anybody else in
motive. >> terrible story. a week before the fiscal cliff, tax hikes for all americans and spending cuts that could pull the economy back into recession. ho, ho, ho. that makes everybody happy on christmas morning. president obama spent christmas eve playing a round of golf with friends and the democratic senate looks like the only hope for crushing the deadlock. our white house correspondent brianna keilar maybe with a little bit of news which is pathetic because it's talks within the democratic party, but at least they are talking. >> reporter: that's right. is it really news that democrats are talking? that's all the news we have to report as of today. i know i feel a little bit like a grinch reporting this, but the white house is in talks with senate democrats. that's not really surprising as we look to the senate to be the next -- really the next ones to act on this when they reconvene on the 27th. right now it's really up to senate majority leader harry reid to try to cobble something together that can get some republican support in the senate and the house to avoid the fiscal clif
cuts will automatically go into effect. if we do go over the fiscal cliff, how will it affect you from your paycheck to your retirement accounts? we're going to give you all the tips you need to protect yourself. here to do that this morning is ry ryan mac, president of opt middle school management. >> kudos for being able to pronounce that honolulu merry christmas saying. >> i don't think i can do it again. ahah! let's start with your paycheck as it applies to the fiscal cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektded until 2014 when people file for 2013 stackses. there are certain things that are impacted right away like the payroll tax cut. for individuals earning about $50,000 a year, they'll be having to pay about $85 less because of the payroll tax cut will be expiring so that will be, again, almost $90 a month that will mere live come into play but the majority of the individuals when 2014, when they file their taxes they might be in for a surprise if we don't get to a deal quickly. >> what
Search Results 0 to 8 of about 9